International Bancshares Corp (NASDAQ:IBOC) Director Antonio R. Sanchez, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $40.75, for a total value of $1,018,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of International Bancshares Corp (IBOC) opened at $41.75 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2,706.68, a PE ratio of 17.35 and a beta of 1.48. International Bancshares Corp has a 12 month low of $32.50 and a 12 month high of $42.90.
International Bancshares (NASDAQ:IBOC) last posted its earnings results on Wednesday, February 28th. The bank reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $134.50 million for the quarter. International Bancshares had a return on equity of 8.75% and a net margin of 27.84%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of International Bancshares in the fourth quarter worth about $123,000. Crossmark Global Holdings Inc. bought a new stake in shares of International Bancshares in the fourth quarter worth about $207,000. Verition Fund Management LLC bought a new stake in shares of International Bancshares in the fourth quarter worth about $215,000. Xact Kapitalforvaltning AB bought a new stake in International Bancshares during the 4th quarter valued at approximately $222,000. Finally, Cullen Frost Bankers Inc. bought a new stake in International Bancshares during the 4th quarter valued at approximately $285,000. 57.70% of the stock is currently owned by institutional investors.
About International Bancshares
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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